The semiconductor industry is one of the key sectors for the government of President Claudia Sheinbaum. According to Plan Mexico, the goal for 2030 is to double the local supply in chip production and reach US$10 billion in investment, and the north of the country is a key area to achieve these goals.Initially, Plan Mexico considers the northern border area and the northwest of the country as two…
Industry 5.0 is the evolution of Industry 4.0, where factories and companies not only rely on automation and artificial intelligence, but seek closer collaboration between humans and machines. Instead of robots and artificial intelligence replacing workers, Industry 5.0 encourages cooperation between humans and technology to improve production, product customization and sustainability.…
Italian company Microtex Composites is opening its first U.S. operations in Chattanooga, Tennessee, investing $3.8M and creating 26 jobs. This new prepreg manufacturing facility signifies the company’s commitment to innovation and quality, catering to U.S. customers in automotive and aerospace markets. President Federico Becagli emphasized using advanced technologies and employing skilled staff…
Serioplast, an international leader in rigid plastic packaging based in Seriate, Italy, will invest $25.7 million in Shenandoah County, Virginia. The company plans to repurpose a 140,000-square-foot industrial facility, creating 45 new jobs. Serioplast serves major brands like Procter & Gamble and Unilever and operates 33 production facilities across 16 countries. Its commitment to…
Dear Readers,I hope this letter finds each of you well as we start our activities for 2025 (see upcoming events here). I am writing to share some exciting developments and key insights from this newsletter’s articles that highlight the dynamic collaboration and innovation between Italy, Canada, Mexico, and the US across various sectors.Looking ahead to 2025, many economic experts are…
The EIMA International Agricultural and Gardening Machinery Exhibition, held annually in Bologna, Italy, is a major event for showcasing cutting-edge farming equipment. With over 347,000 attendees in 2024, the exhibition highlighted the latest trends and technologies in agriculture. A delegation of Canadian professionals, including business owners from Quebec—Claude Provencher and Marc-André…
Looking ahead to 2025, many economic experts are predicting scenarios that could have a strong impact on production within the USMCA, whose political landscape is set to undergo a significant realignment. In the US, a victory for the Republican Party could herald a victory for their conservatives in Canada.Immigration policy in North America is set to become more rigid and restrictive. In Canada,…
The Fourth Industrial Revolution has introduced advanced technologies such as data analytics, augmented reality, and seamless connectivity, which augment and empower human operators. In smart factories, these technologies work hand in hand with highly skilled operators to increase productivity and manage the plant in real-time.Digital transformation is all about connectivity and collaboration.…
According to the National Association of Plastics Industries (ANIPAC), the plastics industry in Mexico represented 3.14% of the manufacturing GDP in 2023, which reflects its economic relevance for the national industry.This industry maintains a high incidence in sectors such as auto parts, packaging and containers, which have maintained a constant growth in recent years, consolidating its…
As the country's industrial production grows, the adoption of sustainable alternative sources of energy supply is becoming increasingly popular. More than a trend, companies gain competitive advantages that are reflected in their economy and sales.Generating energy through renewable and sustainable sources in Mexico is a great area of opportunity for industries that need a continuous energy…